Addis Herald
  • Home
  • History
  • Africa
  • Travel
  • Music
  • Culture
  • Art

Culture

  • E00B6DCF-A08A-4223-8597-6734E7355A12Dagmawi Lalibela: The Newest Rock-hewn churches in Ethiopia
  • Iconic Ethiopian Foods You Have To Try   Read More: https://www.mashed.com/884367/iconic-ethiopian-foods-you-have-to-try-before-you-die/?utm_campaign=clipIconic Ethiopian Foods You Have To Try
  • 84B33505-D18B-4ECE-93DE-A07FC7B80E66The psychological pains of Ethiopian intellectuals
  • Hair salon in Addis AbabaHana Yilma Godine: Substance in Ethiopia
  • Or. 607The Ethiopian Emperor’s Manuscripts

Business

  • F2AF3430-E3DE-4268-B34F-BD909DAF120EUndeserved Wealth
  • 024951BA-2567-4745-85CA-1E7377D9CE64Chinese Construction Companies and Addis Ababa Booming Skyscrapers
  • 1BD88921-C209-419C-884E-908B9FBE7CECOrganized Crime Pours Cold Water On Coffee Exports
  • 07BDA6D0-DF40-41AD-9B5D-C8D723DD9D3AThe Battle for Semiconductor Supremacy ‘Chip Wars’
  • Coca-Cola-Beverages-Africa-opens-new-100m-Ethiopia-bottling-plant1Coca-Cola Beverages Africa Opens New $100m Bottling Plant in Ethiopia

Africa

  • 33F9F92C-3417-486D-AFA0-07790AA4A3E4Africa’s smaller cities are usually overlooked: They shouldn’t be
  • 608AA5EC-B99E-4124-84AB-040EEBB5C8A6Is The US Continue Destabilizing Ethiopia? Mystery Document Revealed That Showed US/Egypt Covert Operation Training TPLF In Uganda
  • 1D758AB5-D045-4AA0-8FD8-A2FB5D49C1ACIs Ethiopia and Africa as Whole Prefers a Strong Russia over the West?
  • E271ECC4-7700-4378-ACB7-35BA1E0D8451China Says It Wants To Play Bigger Role in Horn of Africa security
  • Africa-futureThe 20th Century Belongs to Europe’s, the 21st Century Is Asia’s, and the 22nd Century Will be Africa’s
l_2108_fd0c07716bed57e5759d1025fa89e780
November 15, 2019

Total government debt ballooned to $69 Trillion in just Two Decades

Visual Capitalists

$69 Trillion of World Debt in One Infographic

Two decades ago, total government debt was estimated to sit at $20 trillion.

Since then, according to the latest figures by the IMF, the number has ballooned to $69.3 trillion with a debt to GDP ratio of 82% — the highest totals in human history.

Which countries owe the most money, and how do these figures compare?

The Regional Breakdown

Let’s start by looking at the continental level, to get an idea of how world debt is divided from a geographical perspective:

RegionDebt to GDPGross Debt (Millions of USD)% of Total World Debt
Asia and Pacific79.8%$24,12034.8%
North America100.4%$23,71034.2%
Europe74.2%$16,22523.4%
South America75.0%$2,6993.9%
Africa56.9%$1,3131.9%
Other37.1%$1,2311.8%
World81.8%$69,298100.0%

In absolute terms, over 90% of global debt is concentrated in North America, Asia Pacific, and Europe — meanwhile, regions like Africa, South America, and other account for less than 10%.

This is not surprising, since advanced economies hold most of the world’s debt (about 75.4%), while emerging or developing economies hold the rest.

World Debt by Country

Now let’s look at individual countries, according to data released by the IMF in October 2019.

It’s worth mentioning that the following numbers are representative of 2018 data, and that for a tiny subset of countries (i.e. Syria) we used the latest available numbers as an estimate.

RankCountryDebt to GDPGross Debt ($B)% of World Total
#1 United States104.3%$21,46531.0%
#2 Japan237.1%$11,78817.0%
#3 China, People’s Republic of50.6%$6,7649.8%
#4 Italy132.2%$2,7444.0%
#5 France98.4%$2,7363.9%
#6 United Kingdom86.8%$2,4553.5%
#7 Germany61.7%$2,4383.5%
#8 India68.1%$1,8512.7%
#9 Brazil87.9%$1,6422.4%
#10 Canada89.9%$1,5402.2%
#11 Spain97.1%$1,3862.0%
#12 Mexico53.6%$6550.9%
#13 Korea, Republic of37.9%$6520.9%
#14 Australia41.4%$5880.8%
#15 Belgium102.0%$5430.8%

PreviousNext

In absolute terms, the most indebted nation is the United States, which has a gross debt of $21.5 trillion according to the IMF as of 2018.

If you’re looking for a more precise figure for 2019, the U.S. government’s “Debt to the Penny” dataset puts the amount owing to exactly $23,015,089,744,090.63 as of November 12, 2019.

Of course, the U.S. is also the world’s largest economy in nominal terms, putting the debt to GDP ratio at 104.3%

Other stand outs from the list above include Japan, which has the highest debt to GDP ratio (237.1%), and China , which has increased government debt by almost $2 trillion in just the last two years. Meanwhile, the European economies of Italy and Belgium check the box as other large debtors with ratios topping 100% debt to GDP.

Source Visual Capitalists

USAID and Ethiopia Ministry of Health partnered to launch the new Digital Health Activity The Horn Of Africa

Related Posts

33F9F92C-3417-486D-AFA0-07790AA4A3E4

Africa, News

Africa’s smaller cities are usually overlooked: They shouldn’t be

An Open Letter to the European Union

News

An Open Letter to the European Union, and to Its Representatives

F2AF3430-E3DE-4268-B34F-BD909DAF120E

Business, News

Undeserved Wealth

Bill Gates plans personal pandemic army

https://youtu.be/8LQLtXvWHx0
https://youtu.be/oT1LO-6OC-I

Travel

  • Ethiopia has Over 10,000 Megalithic Monuments dating Back to the 1st CenturyEthiopia has Over 10,000 Megalithic Monuments Dating Back to the 1st Century
  • ethiopia_ethiopian_wolf_35Brilliant Ethiopia: The Unique Wonder
  • F6BD7E94-BC77-4B3E-B905-7B140F12F5FDKenya Had an Elephant ‘Baby Boom’ — and Now You Can Adopt One
  • Addis_herald_omo_3910 Main Tourist Attractions Places in Africa
  • Homage to Entoto Park How the Old “Town in the Forest” is turning into a newly flowering tourist hubHomage to Entoto Park How the Old “Town in the Forest” is turning into a newly flowering tourist hub

Africa

  • 33F9F92C-3417-486D-AFA0-07790AA4A3E4Africa’s smaller cities are usually overlooked: They shouldn’t be
  • 608AA5EC-B99E-4124-84AB-040EEBB5C8A6Is The US Continue Destabilizing Ethiopia? Mystery Document Revealed That Showed US/Egypt Covert Operation Training TPLF In Uganda
  • 1D758AB5-D045-4AA0-8FD8-A2FB5D49C1ACIs Ethiopia and Africa as Whole Prefers a Strong Russia over the West?
  • E271ECC4-7700-4378-ACB7-35BA1E0D8451China Says It Wants To Play Bigger Role in Horn of Africa security
  • Africa-futureThe 20th Century Belongs to Europe’s, the 21st Century Is Asia’s, and the 22nd Century Will be Africa’s

Culture

  • E00B6DCF-A08A-4223-8597-6734E7355A12Dagmawi Lalibela: The Newest Rock-hewn churches in Ethiopia
  • Iconic Ethiopian Foods You Have To Try   Read More: https://www.mashed.com/884367/iconic-ethiopian-foods-you-have-to-try-before-you-die/?utm_campaign=clipIconic Ethiopian Foods You Have To Try
  • 84B33505-D18B-4ECE-93DE-A07FC7B80E66The psychological pains of Ethiopian intellectuals
  • Hair salon in Addis AbabaHana Yilma Godine: Substance in Ethiopia
  • Or. 607The Ethiopian Emperor’s Manuscripts

Business

  • F2AF3430-E3DE-4268-B34F-BD909DAF120EUndeserved Wealth
  • 024951BA-2567-4745-85CA-1E7377D9CE64Chinese Construction Companies and Addis Ababa Booming Skyscrapers
  • 1BD88921-C209-419C-884E-908B9FBE7CECOrganized Crime Pours Cold Water On Coffee Exports
  • 07BDA6D0-DF40-41AD-9B5D-C8D723DD9D3AThe Battle for Semiconductor Supremacy ‘Chip Wars’
  • Coca-Cola-Beverages-Africa-opens-new-100m-Ethiopia-bottling-plant1Coca-Cola Beverages Africa Opens New $100m Bottling Plant in Ethiopia

RSS Allfrica.com News feed

  • Africa: Terrorism Affecting Socio-Economic Life of Some African Countries - National Security Minister
  • Africa: Ghana Banned From U-17 WWC African Qualifiers
  • Africa: Giving Malaria, Neglected Tropical Diseases the Attention it Deserves Will End Preventable Suffering
  • Africa: Do Humanitarian Agencies Help Refugees Become Independent? Evidence From History
  • Africa: Androids in Human Populations
  • Africa: New Assessments On the Values of Biodiversity and Sustainable Use of Wild Species to be Released
  • Africa: CAF Postpones 2023 Afcon to 2024
  • Africa: Nature-Positive Ventures Crucial for Continent's Future - Experts
  • Africa: African Union Establishes One Health Coordination Group On Zoonotic Diseases
  • Africa: Continent's Learning Crisis is 'Failure of Monumental Proportions'
  • Abijitta-Shalla National Park
  • Alatish Ethiopian National Park
  • Awash National Park
  • Babille Elephant Sanctuary
  • Bahir Dar Blue Nile Millennium Park
  • Bale National Park; Ethiopia’s lesser-known Treasure
  • Bale Mountains National Park
  • Borena-Sayint National Park
  • Chebera Churchura National Park
  • Dati Wolel National park
  • Gambella National Park
  • Gambella National Park 2
  • Kafta-Sheraro National Park
  • Mago National Park
  • Maze National Park
  • Nechisar National Park, Ethiopia
  • Omo National Park 
  • The Semien Mountains
  • Yabello National Park
  • Yangudi Rassa National Park
© Addis Herald 2022
  • Contact us
en English
am Amharicar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanel Greekhi Hindiit Italianja Japaneseko Koreanla Latinru Russianes Spanishsu Sudanesesw Swahilisv Swedish